Trustees have the power to block pension transfers if they suspect a scam – they must use it! Now the Ombudsman has upheld a complaint against the Police trustee, there is hope for further justice against negligent pension trustees. In the Royal London v Hughes case, Royal London suspected an attempted transfer was destined to […]
Trustees Must Block Transfers to Pension Scams Read More »
Utmost Wealth and Generali PanEurope are set to merge with the help of Life Company Consolidation Group (LCCG). The plan is to re-brand as Utmost PanEurope. I wonder if this merger will do its utmost to ensure they manage and mitigate their future victims´ – sorry clients´ – risks, and protect their investments – as they
Generali, an utter disgrace, merging with Utmost Wealth Read More »
Pension Life campaigns for awareness of corrupt financial advisers and advisory firms operating without the correct licences. Outing theses advisers and firms, in the hope that the authorities will do something about the state of it all, is one way of bringing these scammers to justice and warning the public. A recent article in
TV licence enforcement versus unlicensed advisers Read More »
Pensions Ombudsman’s Determination – Justice for Police Victim Among the flood of apathy, laziness and callousness by ceding pension trustees since at least 2010, we now have a Pensions Ombudsman’s determination which will hopefully result in more trustees being brought to account – and more victims getting justice. The London Quantum victim who made the
London Quantum pension scam – Ombudsman finds Police Guilty Read More »
Pension Life is working towards making offshore financial advisers more transparent. We have created a list of 10 essential questions for offshore advisers and their preferred answers. For too long precious pension funds been left in the hands of unqualified, unregistered advisers and unregulated financial advisory firms. Offshore advisers need to follow a strict set of
10 essential questions for offshore advisers Read More »
Most victims of pension and investment scams bitterly regret not having asked more questions with regards to their financial planning. The problem is that they wouldn’t have known what questions to ask, and they probably wouldn’t have understood the answers even if they had. Pension Life offer you 10 essential questions to ask an IFA so
10 essential questions to ask an IFA Read More »
International Investment interview with Angie Brooks, founder of Pension Life this week. This blog is written by Kim, Angie´s Assistant. Here´s the interview video which explains how Pension Life works to help victims of pension and investment scams. The interview also raises the question as to why pension and investment scams are so prolific –
International Investment interview with Pension Life´s Angie Brooks Read More »
I like to have a good relationship with regulators. And believe me I have tried really really hard with the FCA. I didn’t have much of a relationship with the Pensions Regulator in the past. I asked for a meeting with Tinky Winky, tPR’s former executive director. He turned up with two lawyers (in case one
£11,000,000,000. That is an awfully big number. But this is what financial fraud of pension and investment scamming cost thousands of victims in 2016 according to reported statistics. This begs the urgent question: why have so few – if any – of them been prosecuted? The Pensions Regulator’s Lesley Titcomb has now officially and
Introduction: Anatomy of a Pension Scam Read More »
OLD MUTUAL INTERNATIONAL HYPOCRISY OVER NEW MALTA REGULATIONS OMI’s Peter Kenny advises the industry to “keep calm”. He obviously wants to be able to keep flogging these useless, pointless and exorbitantly expensive insurance bonds to thousands of innocent victims. With the announcement of new regulations in Malta for QROPS, International Adviser has quoted managing director
Keep Calm: Just avoid OMI/Quilter Read More »
Two pension liberation scammers have been sentenced to time behind bars AND a recovery of funds after creating an elaborate pension liberation scam, involving around 23 victims and nearly 1 million pounds of pension funds. Successful Pensions sure was unsuccessful for all involved. Anthony Locke, 33, from Christchurch in the UK, was sentenced to a
Pension liberation scammers of Successful Pensions JAILED Read More »
Malta has announced changes to the way their QROPS funds will be regulated. The changes will come into effect from 2nd July 2018, meaning that clients introduced by an adviser regulated only for insurance business will not be accepted as an investment adviser. A letter this week from STM Malta reads: “We are writing
Maltese QROPS regulations to change Read More »
